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Standards - IAS Plus A comprehensive source of global accounting news and resources, featuring an extensive collection of information about International Financial Reporting Standards (IFRS), the International Accounting Standards Board (IASB), and broader international financial reporting developments
IAS 1 — Presentation of Financial Statements IAS 1 sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current non-current distinction
IAS Plus — IFRS, global financial reporting and accounting resources A comprehensive source of global accounting news and resources, featuring an extensive collection of information about International Financial Reporting Standards (IFRS), the International Accounting Standards Board (IASB), and broader international financial reporting developments
IAS 8 — Accounting Policies, Changes in Accounting . . . - IAS Plus International Accounting Standards IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors IAS 8 is applied in selecting and applying accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors
IAS A comprehensive source of global accounting news and resources, featuring an extensive collection of information about International Financial Reporting Standards (IFRS), the International Accounting Standards Board (IASB), and broader international financial reporting developments
IAS 38 — Intangible Assets IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights)
Inventories - IAS 2 The objective of IAS 2 is to prescribe the accounting treatment for inventories It provides guidance for determining the cost of inventories and for subsequently recognising an expense, including any write-down to net realisable value
IAS 40 — Investment Property [IAS 40 38] The best evidence of fair value is normally given by current prices on an active market for similar property in the same location and condition and subject to similar lease and other contracts
IAS 36 — Impairment of Assets - IAS Plus IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i e the higher of fair value less costs of disposal and value in use)
IAS 16 — Property, Plant and Equipment - IAS Plus The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them